"the stock in some firms. Lines of credit were extended by CFS to 21 securities firms, some of which also purchased up to 5% of some companies stocks. Some of the small cap stocks acquired may be overvalued. Chinese stocks fell about 10% during the last week of July 2015 with record breaking losses on Monday. The renminbi (""people's currency"") is the currency of China, denominated as the yuan, subdivided into 10 jiao or 100 fen. The renminbi is issued by the People's Bank of China, the monetary authority of China. The ISO 4217 abbreviation is CNY, although also commonly"
"Yuan (currency) The yuan (; sign: ¥; ; ) is the base unit of a number of former and present-day currencies in Chinese. A ""yuan"" () is also known colloquially as a ""kuai"" (; originally a lump of silver). One ""yuan"" is divided into 10 ""jiao"" () or colloquially ""mao"" ( ""feather""). One ""jiao"" is divided into 10 ""fen"" (). Today, it usually refers to the primary unit of account of the renminbi, the currency of the People's Republic of China. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard"
"Renminbi The renminbi (Ab.: RMB; ; sign: 元/¥; code: CNY) is the official currency of the People's Republic of China. The yuan () is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where ""Chinese yuan"" is widely used to refer to the renminbi. The distinction between the terms ""renminbi"" and ""yuan"" is similar to that between ""sterling"" and ""pound"", which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 ""jiao"" (), and a ""jiao"" in turn is subdivided into 10"
"Yen sign The yen sign (') or the yuan sign (') is a currency sign used by the Japanese yen (JPY) and the Chinese yuan (CNY) currencies. This monetary symbol resembles a Latin letter Y with a single or double horizontal stroke. The base unit of both currencies shared the same Chinese character/Kanji (; Japanese Kyūjitai: 圓; Japanese Shinjitai: 円) that means ""circle"". It is pronounced ""yuán"" in Chinese and ""en"" in Japanese. In mainland of China, the Chinese character is more frequently written in everyday situations using the simpler character 元, which has the same pronunciation as the formal"
"or Sogou.com, typing ""$"" displays the full-width character ""￥"", which is different from half-width ""¥"" used in Japanese IMEs. Yen sign The yen sign (') or the yuan sign (') is a currency sign used by the Japanese yen (JPY) and the Chinese yuan (CNY) currencies. This monetary symbol resembles a Latin letter Y with a single or double horizontal stroke. The base unit of both currencies shared the same Chinese character/Kanji (; Japanese Kyūjitai: 圓; Japanese Shinjitai: 円) that means ""circle"". It is pronounced ""yuán"" in Chinese and ""en"" in Japanese. In mainland of China, the Chinese character is"
"fifth and latest editions of the currency of the People's Republic of China have been produced since 1 October 1999. Notes have been produced in 8 denominations: old types of 1 fen, 2 fen and 5 fen, as well as new issues depicting Mao Zedong: 5 yuan, 10 yuan, 20 yuan, 50 yuan and 100 yuan. In 2004, a 1 yuan note depicting Mao Zedong first came into production. Since 1999, coins have been produced in denominations of 1 fen, 2 fen, 5 fen, 1 jiao, 5 jiao and 1 yuan. The Bank of China on the Mainland was chartered"
"monarch was used instead. A series was printed by the Treasury Department but never issued. The denominations were 5 yang, 10 yang, 20 yang, and 50 yang. Korean yang The yang (양/兩) was the currency of Korea between 1892 and 1902. It was subdivided into 10 ""jeon"" (전/錢), 100 ""bun"" (분/分) and 5 yang = 1 ""hwan"" (환/圜). The word yang is a cognate of the Chinese ""tael"" (pronounced ""liǎng"" in Chinese). Fun (pronounced ""pun"" but spelt with an ""f"" on the coins), is also a cognate of a Chinese word, fen, which is equal to 1/100 yuan, whilst hwan"
"Korean yang The yang (양/兩) was the currency of Korea between 1892 and 1902. It was subdivided into 10 ""jeon"" (전/錢), 100 ""bun"" (분/分) and 5 yang = 1 ""hwan"" (환/圜). The word yang is a cognate of the Chinese ""tael"" (pronounced ""liǎng"" in Chinese). Fun (pronounced ""pun"" but spelt with an ""f"" on the coins), is also a cognate of a Chinese word, fen, which is equal to 1/100 yuan, whilst hwan is a cognate of yuan itself. Just before the yang was introduced, a small number of coins denominated in ""hwan"" (환/圜) and ""mun"" (문/文) were minted (1"
"market, the Chinese yuan (CNY) refers to the renminbi (RMB), which is the official currency used in mainland China. Having been in use for at least 2000 years, the yuan was the first decimal currency system. It is also the first to use metal coins and bank notes, which significantly shaped the global financial system. In Standard (Mandarin) Chinese, ""yuán"" literally means a ""round object"" or ""round coin"". During the Qing Dynasty, the yuan was a round coin made of silver. In informal contexts, the word is written with the simplified Chinese character , that literally means ""beginning"". In formal"
"fen coins while the yuan depicted the Great Wall of China. In 1991, a new coinage was introduced, consisting of an aluminium 1 jiao, brass 5 jiao and nickel-clad-steel 1 yuan. These were smaller than the previous jiao and yuan coins and depicted flowers on the obverse and the national emblem on the reverse. Issuance of the aluminum 1- and 2-fen coins ceased in 1991, with that of the 5 fen halting in 1994. The small coins were still made for annual uncirculated mint sets in limited quantities, and from the beginning of 2005 the 1-fen coin got a new"
"2, and 5 jiao), ¥1, ¥2, ¥5, ¥10, ¥20, ¥50 and ¥100 yuan. These denominations have been available since 1955, except for the 50 and 100 yuan notes (added in 1980) and 20 yuan notes (added in or after 1999). Coins are available in denominations from 1 fen to 1 yuan (¥0.01–1). Thus some denominations exist in both coins and banknotes. On rare occasions larger yuan coin denominations such as ¥5 have been issued to commemorate events but use of these outside of collecting has never been widespread. The denomination of each banknote is printed in Chinese. The numbers themselves"
"and 5 jiao, 1, 5, 10, 20, 50, and 100 yuan. In 1949, higher denominations of 500, 1000, 5000, 10,000, 50,000, 100,000, 500,000, 1,000,000 and 5,000,000 yuan were issued. The Central Bank of China issued notes in denominations of 1 and 5 fen, 1, 2 and 5 jiao, 1, 5 and 10 yuan. In July 1949, the Nationalist Government introduced the silver yuan, which was initially worth 500 million gold yuan. It circulated for a few months on the mainland before the end of the civil war. This silver yuan remained the ""de jure"" official currency of the Republic government"
"1/100 of a Chinese yuan in modern context. Due to interchanging Chinese and Japanese influences, changing Romanization methods, and the use of both hanja (Sino-Korean characters) and hangul scripts, the etymology can be hard to understand. From 1892 to 1902, when the yang was used, 1 hwan/won (圜 = 圓 in Chinese) = 5 yang (兩), while in the Chinese monetary system of that time, 1 yuan (圓) = 0.72 tael (兩). In 1902, the Dai-Ichi Bank (The First National Bank of Japan), which handled the Korean government's custom duties, obtained permission from the imperial Korean government to issue banknotes"
"base unit of currency remained the copper coin. Copper coins were used as the chief denomination of currency in China until the introduction of the yuan in the late 19th century. Currently, the ""renminbi"" is the official currency of the People's Republic of China (PRC). It is the legal tender in mainland China, but not in Hong Kong or Macau. The special administrative regions of Hong Kong and Macau use the Hong Kong dollar and the Macanese pataca, respectively. The use of shell money is attested to in the Chinese writing system. The traditional characters for 'goods' (), 'buy/sell' (),"
"contexts it is written with the simplified character or with the traditional version , both meaning ""round"", after the shape of the coins. These are all pronounced ""yuán"" in modern Standard Chinese, but were originally pronounced differently, and remain distinct in Wu Chinese: = ', = '. In the People's Republic of China, '￥' or 'RMB' is often prefixed to the amount to indicate that the currency is the renminbi (e.g. ￥100元 or RMB 100元). In many parts of China, the unit of renminbi is sometimes colloquially called ""kuài"" (, literally ""piece"") rather than ""yuán"". In Cantonese, widely spoken in"
"this wasn't a real monetary unit but did appear in the inscriptions of several cash coins, in the State of Yan their cash coins were denominated in either ""huà"" (化) or ""huò"" (貨) with the Chinese character ""化"" being a simplified form of ""貨"" minus the ""貝"". This character was often mistaken for ""dāo"" (刀) due to the fact that this early version of the character resembles it and Knife money was used in Yan, however the origin of the term ""huò"" as a currency unit is because it means ""to exchange"" and could be interpreted as exchanging money for"
"China) accepts such notes. On January 6, 2011, the Central Bank of the Republic of China issued a new 100-dollar legal tender circulating commemorative in celebration of the 100th anniversary of the founding of the Republic of China. The red paper note measures 145 × 70 mm and features a portrait of Dr. Sun Yat-Sen on the front, and the Chung-Shan Building on the back. The design is no different from the ordinary NT$100 note, except for the Chinese wording on the reverse of the note, which reads ""Celebrating 100 years since the founding of the Republic of China ()""."
"being worth a little more than the yen) until 1925, when Zhang Zuolin's military involvement in the rest of China lead to an increase in banknote production and a fall in the currency's value. The currency lost most of its value in 1928 as a consequence of the disturbance following Zhang Zuolin's assassination. The Fengtien yuan was only issued in banknote form, with 1, 5 and 10 yuan notes issued in 1917, followed by 50 and 100 yuan notes in 1924. The last notes were issued in 1928. The number of banks issuing paper money increased after the revolution. Significant"
"as the Mexican peso, Japanese yen, Russian ruble, and Chinese sycees. The introduction of the 100 mun coin happened concurrent with the ""Tenpō Tsūhō"" 100 mon coin issued by the Tokugawa shogunate in 1835 (in reaction to government deficit), and the 100 wén coin by the Qing dynasty in 1853 (in reaction to the Taiping rebellion). Both of these coins also caused inflation on comparable levels. After king Gojong of Joseon established the Jeonwanguk mint in 1883 in Incheon in order to adopt a currency more akin to international standards leading the copper ""Sangpyeong Tongbo"" coins to eventually be phased"
"The ""wén"" was one of the chief units of currency in China and was used to denominate both coins and paper money. Other denominations were used, including various weights, based on the ""tael"" system, for sycee silver and gold ingots. Until the 19th century, coins denominated in wen were cast, the most common formation being the round-shaped copper coin with a square or circular hole in the centre. The hole enabled the coins to be strung together to create higher denominations, as was frequently done due to the coin's low value. The number of coins in a string of cash"
"signed between the Qing dynasty and the foreign powers the indemnities were all in tael of silver, except for the Treaty of Nanking, where the silver dollar was indicated. (See the Treaties of Tianjin, Convention of Peking, Treaty of Shimonoseki and Boxer Protocol). It was not until 1910 that the ""yuan"" (Chinese: 圓, literally ""roundness""), was officially announced as the standard monetary unit. The yuan was subdivided into 10 jiao or 100 fen, and specified as 0.72 tael of 900 fineness silver. The next year, 1911, the so-called ""Great Qing Silver Coin"" one yuan (dollar) was issued, but soon after"
"the 1930s. From 1936, the central government issued nickel (later cupronickel) 5, 10 and 20 fen and yuan coins. Aluminium 1 and 5 fen pieces were issued in 1940. This table sets out the first ""silver yuan"" coins minted by each province. In 1917, the warlord in control of Manchuria, Zhang Zuolin, introduced a new currency, known as the Fengtien yuan or dollar, for use in the Three Eastern Provinces. It was valued at 1.2 yuan in the earlier (and still circulating) ""small money"" banknotes and was initially set equal to the Japanese yen. It maintained its value (at times"
"period about half the value of the issued notes was backed by specie reserves. The notes issued were in five denominations, one hundred, ten, five and one ""yuan"" and five ""chiao"" (one-half ""yuan""), and typically depicted Qing dynasty rulers of China on the obverse. To keep up with the inflationary pressures typically experienced by Japanese-controlled areas towards the end of World War II, a 1,000 ""yuan"" note was issued in 1944. The Yuan was subdivided into 10 ""chiao"" (角), 100 ""fen"" (分) or 1000 ""li"" (釐). Coins were issued in denominations of 5 ""li"" up to 10 ""fen"". In 1944"
"be a complete failure, and Gaykhatu was assassinated shortly afterward. Chao (currency) The chao () was the official banknote of the Yuan dynasty in China. Unlike the earlier paper money such as jiaozi, it was the first paper currency to be used as the predominant circulating medium in the history of China. The primary press was the Imperial Mint established in 1260, probably in Yanjing. It was certainly located in Khanbaliq after that city was established the same decade. Regional capitals were sometimes authorized to print money as well. The money of the various eras of the Yuan were also"
"is usually denoted as CNH, but there is another RMB interbank and spot market in Taiwan for domestic trading known as CNT. Other RMB markets include the dollar-settled non-deliverable forward (NDF), and the trade-settlement exchange rate (CNT). Note that the two CNT mentioned above are different from each other. Renminbi The renminbi (Ab.: RMB; ; sign: 元/¥; code: CNY) is the official currency of the People's Republic of China. The yuan () is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where ""Chinese yuan"" is widely used"
"The Chinese themselves officially adopted the dollar unit as their national currency in 1889, and the first Chinese dollar coins, known as yuan, contained an inscription which related their value to an already existing Chinese system of accounts. On the earliest Chinese dollar (yuan) coins it states the words 7 mace and 2 candareens. The mace and candareen were sub-divisions of the tael unit of weight. Banknotes tended to be issued in dollars, either worded as such or as yuan. Despite the complications arising from a mixture of Chinese and Spanish coinages, there was one overwhelming unifying factor binding all"
"4000 mon = 16 shu = 4 bu = 1 ryo. In 1869, due to depreciation against gold, the new fixing officially was set for 1 ryo/yen = equal to 10.000 mon. The yen started to replace the old duodecimal denominations in 1870: in 3rd quarter of 1870, the first new coins appeared, namely 5, 10, 50 sen silver and 2, 5, 10, 20 Yen. Smaller sen coins did not appear before spring, 1873. So the mon coins (1, 4, 100, 250 mon etc.) remained a necessity for ordinary peoples commodities and were allowed to circulate until 1891.12.31. Only from"
"50, 100, 200, 500, 1000, 5000, 10,000, and 50,000 yuan. These denominations were subdivided into 62 styles. After adjusting the currency value with ratio 1:10,000 in March 1955, the second edition of Renminbi were issued in 12 denominations, including 1 fen, 2 fen, 5 fen, 1 jiao, 2 jiao, 5 jiao, 1 yuan, 2 yuan, 3 yuan, 5 yuan and 10 yuan. The People's Republic of China began issuing aluminum coins in December 1957, in denominations of 1, 2 and 5 fen. From 1961, China outsourced the printing of 3, 5 and 10 yuan notes to the Soviet Union. The"
"of coinage a string of 500 exchanged for an ounce of silver. Paper money sometimes showed pictures of the appropriate number of 1 wén coins strung together. In the 19th century, foreign coins began to circulate widely in China, particularly silver coins such as the Mexican peso. In 1889, Chinese currency began to be denominated in the yuan and its subdivisions. The cash or wén was retained in this system as yuan. Traditional style, cast 1 wén coins continued to be produced until the end of the Chinese Empire in 1911. The last coins denominated in cash were struck in"
"are said to bring wealth and good fortune to those that string these five coins together. Chinese numismatic charms and amulets have inspired a similar tradition in Japan, Korea, and Vietnam and often charms and amulets from these other countries can be confused for Chinese charms due to their similar symbolism and inscriptions. Similarly Chinese cash coins themselves may be treated as ""lucky charms"" outside of China. Its formal name and pronunciation would be Yasheng coin/money (), but nowadays Yansheng is more widely known. In ""Shuowen Jiezi"", it records: ""厌，笮也，今人作压。"" (""""Yā""(厌), bamboo ritual ware, nowadays (Western Han Dynasty period) people"
"abbreviated as ""RMB"". As of 2005 the yuan was generally considered by outside observers to be undervalued by about 30-40%. However the IMF stated that the yuan is now correctly valued. The renminbi is held in a floating exchange-rate system managed primarily against the US dollar. On 21 July 2005, China revalued its currency by 2.1% against the US dollar and, since then has moved to an exchange rate system that references a basket of currencies and has allowed the renminbi to fluctuate at a daily rate of up to half a percent. The rate of exchange (Chinese yuan per"
"new currency, in banknote form only, denominated in yuan. This became the sole currency of mainland China at the end of the civil war. A new yuan was introduced in 1955 at a rate of 10,000 old yuan = 1 new yuan, known as the renminbi yuan. It is the currency of the People's Republic of China to this day. In 1946, a new currency was introduced for circulation in Taiwan, replacing the Japanese issued Taiwan yen. Known as the Old Taiwan dollar. It was not directly related to the mainland yuan. In 1949, a second yuan was introduced in"
"Chinese cash (currency unit) The cash () was a currency denomination used in China in imperial times. It was the chief denomination until the introduction of the yuan in the late 19th century. The English term ""cash"" was first used on coins issued in Kwangtung (Guangdong) Province in 1900. It did not appear on paper money until later. The plural forms ""cash"" and ""cashes"" were both used. The English word ""cash"", meaning ""tangible currency"", is an older word from Portuguese ""caixa"" or Middle French ""caisse"" (""box, chest, case""). The Chinese character ""wen"" () has several other meanings in modern Chinese."